Dun & Bradstreet Holdings, Inc. (NYSE:DNB) is Clark Estates Inc. NY's 4th Largest Position

Key Points

• Clark Estates Inc. NY increased its stake in Dun & Bradstreet Holdings, Inc. by 19.5%, now owning approximately 5.1% of the company's stock, worth around $23.85 million.
• Dun & Bradstreet reported a quarterly earnings of $0.21 per share, exceeding analysts' expectations, with a revenue increase of 2.7% year-over-year to $579.80 million.
• Insider trading activity included significant sales by Director Chinh Chu and Chairman William P. Foley II, with Chu selling over 10.8 million shares, indicating a notable decrease in their holdings.

Clark Estates Inc. NY boosted its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 19.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,667,886 shares of the business services provider's stock after buying an additional 435,896 shares during the quarter. Dun & Bradstreet makes up about 5.1% of Clark Estates Inc. NY's holdings, making the stock its 4th biggest position. Clark Estates Inc. NY owned about 0.60% of Dun & Bradstreet worth $23,851,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DNB. Arizona State Retirement System lifted its holdings in shares of Dun & Bradstreet by 6.4% during the 1st quarter. Arizona State Retirement System now owns 88,653 shares of the business services provider's stock worth $793,000 after acquiring an additional 5,314 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Dun & Bradstreet by 53.9% during the 4th quarter. Sterling Capital Management LLC now owns 18,176 shares of the business services provider's stock worth $226,000 after acquiring an additional 6,366 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Dun & Bradstreet by 325.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 87,700 shares of the business services provider's stock worth $1,093,000 after acquiring an additional 67,100 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Dun & Bradstreet by 4.0% during the 4th quarter. Wells Fargo & Company MN now owns 540,405 shares of the business services provider's stock worth $6,733,000 after acquiring an additional 20,784 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Dun & Bradstreet during the 1st quarter worth about $742,000. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on DNB. Raymond James Financial downgraded shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a report on Friday, June 13th. Wall Street Zen began coverage on shares of Dun & Bradstreet in a report on Wednesday, May 21st. They set a "hold" rating for the company. Finally, Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $11.86.

Dun & Bradstreet Stock Performance

Shares of DNB stock remained flat at $9.10 during trading hours on Friday. 2,487,259 shares of the stock traded hands, compared to its average volume of 2,287,750. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of -182.00 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.94. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.62. The company's fifty day simple moving average is $9.08 and its 200 day simple moving average is $9.36.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $579.80 million during the quarter, compared to the consensus estimate of $578.02 million. Dun & Bradstreet had a negative net margin of 0.88% and a positive return on equity of 11.51%. Dun & Bradstreet's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. As a group, sell-side analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling at Dun & Bradstreet

In related news, Director Chinh Chu sold 10,885,403 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $8.95, for a total value of $97,424,356.85. Following the sale, the director directly owned 23,810 shares in the company, valued at approximately $213,099.50. The trade was a 99.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.44% of the company's stock.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.